Tag: Natural gas

Exxon reports higher earnings, lower production

Exxon Mobil Corp., the world’s largest energy company, fell after reporting worldwide oil and natural gas production declined to the lowest level in almost five years.  More »

Shell beats estimates, takes gas writedown

Royal Dutch Shell, Europe’s biggest oil company, beat analyst second-quarter earnings estimates while pushing ahead with a restructuring program that saw it write off about $1.9 billion in U.S. gas assets.  More »

Boston protesters rally against Kinder Morgan gas pipeline

The protest, attended by hundreds of supporters, was the culmination of a month-long “rolling rally” that marched through towns likely impacted by Kinder Morgan’s proposed 250-mile long pipeline expansion in Berkshire, Worcester and Franklin counties.  More »

Pemex to buy U.S. natural gas via a Swiss trading house

A subsidiary of Petroleos Mexicanos will form a joint venture with Geneva-based Mercuria Energy Group Ltd. to handle the gas and will aim to be one of the five largest participants in the North American natural gas market.  More »

Winemakers want NY to deny gas storage permit

Opponents of Houston-based Crestwood Midstream’s project said at a news conference in Albany that it would endanger drinking water, the local economy and the region’s wine and tourism industry.  More »

Energy Department takes steps to plug methane leaks

The Obama administration on Tuesday rolled out a series of initiatives meant to help pare the amount of methane escaping the nation’s natural gas pipelines, following a government report that faulted the Environmental Protection Agency for doing too little to plug the leaks.  More »

Chesapeake boosting Wyoming holdings

Chesapeake Energy Corp., the U.S. natural gas producer that almost ran out of money last year, is spending $1.71 billion to expand access to oil-soaked shale in Wyoming and buy back preferred shares that were a drain on cash.  More »

Britain reopens way for fracking

Business and Energy Minister Matthew Hancock said shale gas has the potential to increase the country’s energy supply but stressed national parks will be protected.  More »

US sending coal abroad

As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America’s unwanted energy leftovers to other parts of the world where they could create even more pollution, according to an Associated Press report.  More »

Houston praised, some others panned, for gas pipeline maintenance

An alliance of labor unions and environmentalists says in a new report that the U.S. should expedite repairs to aging municipal gas pipelines.  More »

Natural gas vote leaves fueling stations without standard

A group of statue regulators failed to agree on a standard for selling liquefied natural gas by its equivalence to a gallon of diesel fuel.  More »

Google-gas: mapping cars search for pipeline leaks

Environmentalists have teamed up with Google to shine a spotlight on natural gas leaking from pipes buried under city streets in Boston, Indianapolis and Staten Island.  More »
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